LMA - Climate Risk Working group

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Climate Risk Working Group

The Climate Risk Working Group plays a key role in supporting the Lloyd’s market in navigating the evolving landscape of climate-related risks. Reporting to the LMA Sustainability Committee, this group focuses on the risks associated with climate transition and the regulatory developments around climate risk management and disclosure, ensuring the market is well-equipped to adapt to a rapidly changing risk environment.

Through these initiatives, the Climate Risk Working Group, in collaboration with the LMA Sustainability Committee, helps to shape industry best practices and support the Lloyd’s market in managing the risks presented by climate change.

Committees » Risk

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Committee

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Alex Koukoudis

Senior Executive, Finance and Risk

Committee secretary

Key issues covered

Transition risks

Assessing the impact of technological advancements and industry shifts on risk exposure. This includes evaluating how changes such as new fuel sources and building materials affect insurance wordings, reserving, and capital models.

Litigation risk

Collaborating with the LMA’s Environmental and Climate Litigation Committee (ECLIC) and Lloyd’s to translate horizon-scanning insights shared into risk exposure assessments. This ensures the market is prepared for emerging climate-related litigation trends and potential liabilities.

Regulatory developments

Enhancing market awareness of upcoming climate regulatory and disclosure requirements, while developing best practice frameworks for climate scenario analysis, reporting, and disclosures.

Committee insights

Risk and Sustainability Update, Q4 2025

Replay – LMA CRO Forum

Risk and Sustainability Quarterly Update

Upcoming events

For events hosted online, joining instructions will be emailed to all registered attendees closer to the date of the event no later than 24 hours prior to commencement.

View more events

Underwriting the Transition: Second Edition Report Launch

The LMA is delighted to invite you to the launch of the second edition of the LMA/KPMG Underwriting the Transition report. Following the landmark 2024 publication, this 2026 update provides a critical look at how sector transition pathways have evolved over the past 18 months.

Delegated Authority Claims Management Forum

The LMA's Delegated Authority Claims Management Group (DACMG) is pleased to invite you to the first Delegated Authority Claims Management Forum of 2026.

Non-Financial Misconduct: Final Cross-Market Session

Following on from the NFM series of workshops delivered across the London insurance market by Padda Consulting in 2025, the IUA, LMA and LIIBA are jointly hosting a 60-minute session.